Average True Range Percentage (ATRP)ATR measures volatility, but you can't compare one instrument vs. another with it because the ATR value will be different depending on the price of the instrument. I went searching for something like ATR but with percentages, so you could compare one stock vs. another to find who is more volatile and found this .
It was exactly what I was looking for, so decided to re-create it in TradingView. Enjoy!
Description
Average True Range Percent (ATRP) expresses the Average True Range (ATR) indicator as a percentage of a bar’s closing price.
How this indicator works
ATRP is used to measure volatility just as the Average True Range (ATR) indicator is. ATRP allows securities to be compared, where ATR does not.
ATR measures volatility at an absolute level, meaning lower priced stock will have lower ATR values than higher price stocks. ATRP displays the indicator as a percentage, to allow for securities trading at different prices per share to be compared.
Calculation
ATRP = (Average True Range / Close) * 100
Average True Range (ATR)
Average True Range ChannelThe Main Idea came from "The Way of Turtle" and I'd just adjusted it.
If you have an interesting then find the book near library.
Thank you and have a nice day :)
Normailzed CandleThis indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day.
Larry Williams talks about Open being the most important price of the day. Hence, this indicator.
The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days.
Average are not perfect calculations since occurrences(of Red or Green) will vary within the time-span used for averages.
These can used to gauge likelihood of the intra-day price reversal. If the price exceeds green/red line, there is higher likelihood of the price closing above/below open.
The blue lines are average Open-to-close for Green and Red occurrences.
Be careful on days where consecutive 3rd Highest High or Lowest Low day is made and also on the next day after such day. Prices may turn direction at least for a short while.
The precursor to this script of the Candle Infopanel script. That script was just numbers in panel and this is a graphical representation. I
Some of the calculations from original script are commented here because it would make visuals clutters (and probably the left-out calculation are not critical to making trade decisions!)
Moving Average Responsive ATRThis is an experimental moving average that gets more sluggish when the volatility increases.
It has two parameters:
- Period, the period for the average true range calculation.
- Responsiveness, higher value more responsive (range: 0.001…1.0)
Candle Information Panel//This indicator shows Day's candle measurements with past averages. First column shows the candle details for the present day.
//"Open - Low", "High - Open", "Range(=High-low)", "Body(open-close)"
//Averages are calculated for occurences of Green and Red days. Up Averages are for Green days and Down Averages are for Red days.
//Average are not perfect calculations since occurences(of Red or Green) will vary within the timespan used for averages.
//This can used to guage general sense of probability of the price movement.
//e.g. if the Open to Low for a day exceeds UpAv value, then there is higher likelihood of day being Red.
//similarly, trade can be held in expectation of price reaching the DnAv and stop loss can be trailed accordingly.
//Not a perfect system. But something to work on further to increase price action understanding.
//Be careful on days where consecutive 3rd Highest High or Lowest Low day is made and also on the next day after such day. Prices may turn direction at least for a short while.
Complete Credit goes to @pinecoders who gave me the main script on tradingview chat room.
Stop ATRStop based on price volatitlty.
It uses ATR indicator multiplied by a factor as a reference for protective stop.
ATR Strategy FOREX for long only with market filterI did a modification and added a market filter and changed to buy only. It showed a remarkable good result by doing so. It make sense, since upptrends and downtrends behave different and a strategy that includes both buying and selling will do poorly in general.
Volty Expan Close Strategy with Backtest Date RangeInput Information
Length Numeric 5 Number of bars used to determine the average true range.
NumATRs Numeric .75 Factor used to calculate a percentage of the average true range, used to
Long and short entry based on a percentage of price movement beyond the average range.
Profitable and simple strategy..
Trailing ATR StopsThis script plots a trailing stop of the ATR multiplied by a user-defined number. Since it is meant to be used as a trailing stop, the value doesn't fluctuate with the price as a normal ATR indicator does, but stays fixed unless price moves away from it. In that case it follows the price. If price crosses the stop level, it resets itself based on current price and starts trailing all over again.
User Settings:
Support - Use for a trailing stop while long
Resistance - Use for a trailing stop while short
Both - Acts like a channel and can spot periods of lower volatility
ANN RSI SUPER TREND STRATEGY BY che_traderCreate a strategy for the good indicator created by @RafaelZioni
Which is composed of ANN data taken from
and the super trend shared by www.tradingview.com
Feel free to share and copy this script!
Enjoy!
ATR with EMAATR is a very powerful indicator to understand volatility in market, using along with EMA gives you fair idea with is volatility is moving high and low.
UT Bot StrategyUT Bot indicator was inially developer by @Yo_adriiiiaan
Idea of original code belongs @HPotter
I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it.
Also I added an input that allows you to swich to signals from Heiking Ashi. I saw that author uses HA for the indicator and on HA it look much nices then on real candles.
Do not add this strategy to HA candles, use usual candles and this checkbox.
Original script:
Opening Range Breakout LinesDisclaimer: Use proper risk management and remember that all trading involves risk.
Based on RicardoSantos' "Open Session Breakout Trader Strategy"
I turned it into a study and tweaked it for trading Silver
My goal when creating this was to help visualize breakout lines for multiple trading days at the same time without having to always draw them in.
Kirk65 UTBot Strategy FixedCredits to @HPotter for the orginal code.
Credits to @Yo_adriiiiaan for recently publishing the UT Bot study based on the original code.
Credits to @TradersAITradingPlans for making UT Bot strategy.
Strategy fixed with time period by Kirk65.
UT Bot works great with 2 hour time frame with Heikin Ashi, but riskier. Use "Once per bar" In alerts with 1.5% stoploss. If the price goes against Alerts, stoploss will save your assets. Wait until next Alert.
4 hour time frame is less risky and less profitable.
Happy trading..
Kirk65
VWAP ATR mean reeeeeeeeeeMean reversion strategy which lets you set a VWAP length, ATR length - then creates signal when distance closing price from VWAP is greater than ATR x a multiplier which you set
SuperTrend Strategy This is almost the same strategy that Alex Orekhov (everget) sells to unnoticed newbies... The only thing he added was a tool that analyses the better performance of the indicator, that is the difference from his script, and i dont have it here, what i have is what is freely distributed in many communities... But as i follow him for more than 1 year i saw that theese configs. In more than 95% of the time range betweern 7.2-6.8 with the most common settings the 7-7
So i made a description of each part of the code that i WRITED and is free and i am just using the configs that are public in Alex Orekhov (everget) profile. If it is public the configs he use in his charts and he is not the owner of the code right? Also the code is very easy to find in google in the MQL5 community or in a lot of videos in youtube.
He charges $10 for a 4 day trial (LOL) and $100 for this shit.
Here is a strategy that has a correlation with 95% of the time of the Profitable Strategy that he sells.
[LunaOwl] 超級趨勢 (SuperTrend)SuperTrend indicator was developed by Olivier Seban. it shows trend direction. In addition,it provides buy/sell signal. while using super trend indicator, it is better to put stop loss. In fact, you can use the line for stop loss. In addition, you can also trail it as the price move in either direction. wish you a happy trade life.
超級趨勢是奧利維爾．塞班所開發。它可以顯示趨勢和買賣訊號，使用超級趨勢請設置止損單。其實你可以用移動止損線設置。也能價格波動的時候進行追蹤。祝大家交易愉快。
The purpose of publishing Chinese Scripts is to make Pine close to more Chinese user.
發布中文腳本的目的，是希望可以讓 Pine 親近更多中文圈的使用者。
ATR Strategy Back test Original script by HPotter
ATR strategy is profitable.
Buy when it says buy and sell when it says sell.
UT Bot No scammers allowed. I protect CT
This dude on Twitter @TradingScript(UT Bot) tried to take this free script and sell it.
All the inputs he put in are there to make it look complex and don't actually do anything.
The only thing that changes is "Key Value". This is the ATR multiplier and in basic terms determines the sensitivity on the indicator. The original setting by HPotter is 3.5 multiplier (key vaule) and an ATR period of 5.
So yeah I recreated the script.
**If you compare this to that scammers script 95% of the signals are the same, I don't know the exact setting he used..
**HPotter is a Legend
Simple EMA Long Only StrategySimple EMA long only strategy, using ATR on crossings to minimize fake signals.
Range Force Impulse The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of the period's price
-- TR (gray) shows the current period's trading volatility
-- ATR (Impulse colors, see below) shows an EMA of TR over a specified length
-- Can be used to determine stops and targets (Example: Stop loss at prev close - ATR, Target at 2x ATR)
Index - Alexander Elder's EMA of (change(close) * volume), shows crosses above 0 (green) and below 0 (red), and intermediate signals
-- Shows bull vs. bear interest/commitment/dominance
-- Elder recommends EMA length of 2 for daily chart buy/sell signals, and 13 for weekly chart bull/bear dominance & trend direction signals
-- Intermediate signals are shown above 0 when falling (salmon), or below 0 when rising (pale yellow)
System - Range columns are colored using Alexander Elder's censorship system (green: do not short, red: do not long, blue: is up to you)
-- Shows overall trend health (Macd histogram and EMA up/down changes)
Turtle trading strategy (Donchian/ATR)Strategy based on Turtle Trading Strategy from William Eckhardt and Richard Dennis
- Considers entering trades on breakout of Donchian channels (upper for long, lower for short) (Default length = 20 for daily)
- Considers exiting trades on breakout of Donchian channels (lower for long, upper for short) with lower length (10 for daily)
- Uses 2N ATR (default) as stop loss
